Forty-two US senators across party lines have urged US Trade Representative Katherine Tai (戴琪) to lay the groundwork for negotiating a free-trade agreement (FTA) with Taiwan.
In a joint letter to Tai on the eve of the 11th Trade and Investment Framework Agreement (TIFA) trade talks between Taiwan and the US on Wednesday, the US senators highlighted the importance of such dialogue with Taiwan.
“We respectfully request that you prioritize these talks and take steps to begin laying the groundwork for negotiation of a free-trade agreement (FTA), or other preliminary agreement, with Taiwan,” read the letter, initiated by US senators Marco Rubio and Mark Warner.
Photo: Reuters
The letter — which Rubio posted on his Web site on Wednesday — said that beyond commerce and investment, trade talks with Taiwan are of “great strategic importance.”
“We can all be confident that an agreement negotiated with Taiwan could serve as a model for what a high-standard FTA should look like,” the senators wrote.
“It will facilitate free trade under fair conditions that allow American workers, producers and companies alike to flourish. Advanced economies such as Singapore and New Zealand have paved the way by signing their own FTAs with Taiwan,” they said.
“Maintaining US economic influence in the region and reducing Taiwan’s dependence on China is essential to ensuring that the region remains free and open,” they added.
Prominent US senators who signed the letter include Senate Minority Whip John Thune; Senate Committee on Commerce, Science and Transportation Ranking Member Roger Wicker; and Senate Armed Services Committee Ranking Member James Inhofe.
In October last year, 50 US senators wrote to then-US trade representative Robert Lighthizer to urge the deepening of bilateral trade ties, Ministry of Foreign Affairs spokeswoman Joanne Ou (歐江安) said in a statement yesterday, thanking the 42 senators in the new congress for also supporting the improvement of Taiwan-US trade ties.
US Senator Chris Coons, who visited Taiwan last month, was also among the people who signed the letter, Ou added.
Wednesday’s virtual TIFA meeting was fruitful and marked a major milestone in Taiwan-US trade relations, she said.
Given the US’ bipartisan support for Taiwan, the ministry would continue to work with domestic government agencies to deepen Taiwan-US trade ties, Ou said.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
NO CHANGE: The TRA makes clear that the US does not consider the status of Taiwan to have been determined by WWII-era documents, a former AIT deputy director said The American Institute in Taiwan’s (AIT) comments that World War-II era documents do not determine Taiwan’s political status accurately conveyed the US’ stance, the US Department of State said. An AIT spokesperson on Saturday said that a Chinese official mischaracterized World War II-era documents as stating that Taiwan was ceded to the China. The remarks from the US’ de facto embassy in Taiwan drew criticism from the Ma Ying-jeou Foundation, whose director said the comments put Taiwan in danger. The Chinese-language United Daily News yesterday reported that a US State Department spokesperson confirmed the AIT’s position. They added that the US would continue to
IMPORTANT BACKER: China seeks to expel US influence from the Indo-Pacific region and supplant Washington as the global leader, MAC Minister Chiu Chui-cheng said China is preparing for war to seize Taiwan, Mainland Affairs Council (MAC) Minister Chiu Chui-cheng (邱垂正) said in Washington on Friday, warning that Taiwan’s fall would trigger a regional “domino effect” endangering US security. In a speech titled “Maintaining the Peaceful and Stable Status Quo Across the Taiwan Strait is in Line with the Shared Interests of Taiwan and the United States,” Chiu said Taiwan’s strategic importance is “closely tied” to US interests. Geopolitically, Taiwan sits in a “core position” in the first island chain — an arc stretching from Japan, through Taiwan and the Philippines, to Borneo, which is shared by